While analysts say the revised tariff is less damaging than initially anticipated, they caution that it still presents an obstacle for exporters at a time when South Africa's economy remains fragile.
South African exporters are expected to face renewed pressure after the United States increased tariffs on imports from 60 countries, with economists warning that the move could weigh on export-driven industries even though the final tariff imposed on South Africa is lower than initially feared.
The US recently increased tariffs on South African exports from 10% to 12.5%, significantly below the more than 30% initially proposed under the so-called "Liberation Day" tariff measures.
While analysts say the revised tariff is less damaging than initially anticipated, they caution that it still presents an obstacle for exporters at a time when South Africa's economy remains fragile.
Agbiz chief economist Wandile Sihlobo said the higher tariff was not ideal, although it represented a better outcome than the original proposal.
